Member Info for Wiggly

Not old news.

'Subsequently '

Wood subsequently received a non-binding, conditional proposal from Sidara related to a possible cash offer for the Company. Following this, Wood provided Sidara with access to due diligence information and entered into discussions with Sidara.

Sharbel

Read the following

Wood subsequently received a non-binding, conditional proposal from Sidara related to a possible cash offer for the Company. Following this, Wood provided Sidara with access to due diligence information and entered into discussions with Sidara.

It was the WG BOD that requested the extension.

An offer has been presented by Sidara.

Does the BOD require time to review the offer with major holders?

Wood subsequently received a non-binding, conditional proposal from Sidara related to a possible cash offer for the Company.

Very interesting.

Offer strong enough to open books again

120p = far lower than the previous 230p.

I don't think it is in Sidara's interest to extend.

Market uncertainty is the reason WG trades as it does today. An extension allows time for the full conclusion of the review. At the conclusion, there will be certainty and therefore much less risk. I think we can assume Sidara, having executed months of due diligence on WG's books, knows exactly what it is buying. Why come back so soon if not prepared to proceed?

Think logically. Is it beneficial for Sidara to extend beyond Monday?

An extension may well happen to allow for the Deloitte review to be tabled if it hasn't already been done.

Deloitte been working for months. Not sure what is involved with the review, but would think they already have a conclusion

That is certainly some positive trading.

I'm doubtful Sidara wants this to drag on another 30 days, which risks both financing resolution and additional interest from new bidders.

Very likely Sidara will submit a final improved offer within hours of the deadline.

Great chance

As above

Makes sense to for negotiations to run to the final minutes

You may be right, but i wouldn't want to be out over this weekend !

Accumulating

There was if you were paying attention.

Break 45 and will he boom time

..

Increasing

120-165p

They would not still be discussing if the lower end was not achievable

Forget the Sidara takeover; Wood is currently trading at a huge discount to a prudent enterprise value. Therefore, until Wood trades at +120p, it is a very easy hold for me.